Flight Data Monitoring Market
PUBLISHED: 2023 ID: SMRC23844
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Flight Data Monitoring Market

Flight Data Monitoring Market Forecasts to 2030 – Global Analysis By Solution Type (On Ground Solution, On Board Solution and Other Solution Types), Component (Flight Data Monitoring (FDM) System, Flight Data Monitoring (FDM) Service, Flight Data Monitoring (FDM) Software, Hardware and Other Components), Aircraft Type (Rotary Type and Fixed Wing), End User and By Geography

4.2 (73 reviews)
4.2 (73 reviews)
Published: 2023 ID: SMRC23844

This report covers the impact of COVID-19 on this global market
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Years Covered

2021-2030

Estimated Year Value (2023)

US $6.53 BN

Projected Year Value (2030)

US $12.37 BN

CAGR (2023 - 2030)

9.55%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Flight Data Monitoring Market is accounted for $6.53 billion in 2023 and is expected to reach $12.37 billion by 2030 growing at a CAGR of 9.55% during the forecast period. To increase operational effectiveness and aviation safety, flight data monitoring (Flight Data Monitoring (FDM)), a process for gathering, analyzing, and interpreting flight data, is utilized. The system's performance, pilot inputs, and flight variables like altitude, speed, and heading must all be continuously monitored. Flight Data Monitoring (FDM) can be used to identify operational inefficiencies and potential safety threats, such as deviations from SOPs, issues with the aircraft's systems, and pilot errors. Due to its ability to reduce incidents and accidents, boost operational effectiveness, and enhance overall safety performance, Flight Data Monitoring (FDM) has grown to be a crucial instrument in modern aviation.

According to IATA, air passenger traffic in India would surpass the UK to be the third-highest in the world by 2035, with the addition of over 322 million passengers, reaching a total of 442 million.



Market Dynamics:

Driver:

Increased operational effectiveness and safety


Enhancing aviation safety is the primary objective of flight data monitoring. The study of flight data makes it feasible to spot potential safety hazards that result from best practices, excessive initiatives, or strange flying patterns. Airlines and aviation authorities can improve overall flight safety by aggressively identifying safety issues, implementing corrective measures, and monitoring and evaluating this data. The effectiveness of operations in the aviation sector can also be improved through flight data monitoring. Operators may discover chances for enhanced maintenance procedures, more efficient routes, and opportunities for increased fuel efficiency by evaluating flight data. These insights may result in financial savings, a decrease in the impact on the environment, and improved operational performance.

Restraint:

Data security and privacy


Flight data monitoring is the process of gathering and examining private data about aircraft operations, including flight patterns, performance information, and crew behavior. To safeguard the confidentiality and integrity of this information, it is essential to ensure data privacy and security. However, seeking the ideal balance between data privacy protection and accessibility for safety purposes can be challenging.

Opportunity:

Real-time monitoring grows more essential


To prevent accidents, airplane manufacturers are concentrating on enhancing aircraft security systems. Real-time information on a flight is actively provided to passengers by airport officials as well. The performance of each equipment is rapidly collected by the pilots owing to a live tracking system for the aircraft. When a flight has an unanticipated system breakdown or faulty operation of any plane system, this real-time tracking system is crucial. When something like this happens, the pilot has plenty of time to work with the airport's air traffic controller to resolve the issue. To avoid a serious travel mishap, this real-time tracking technology can assist with the landing of the aircraft at the closest airport.

Threat:

Precision of information received and Flight Data Monitoring (FDM)'s guarantee of quality


Every commercial aircraft records flight information to increase flight safety. In order to compute new parameters and identify certain moments of the flight, such as rotation, takeoff, and touchdown, the recorded data is evaluated. These moments are then utilized to identify instances during the flight where a safety issue occurred. To avoid missed events and false positives, it is essential to properly detect moments. However, inaccurate immediate detection could cause false-positive trigger events. Due to this, airlines and aircraft operators may overlook safety issues since they are not readily apparent. As a result, throughout the forecast period, the expansion of the global flight data monitoring market is anticipated to be constrained by the accuracy of the information received and quality assurance by Flight Data Monitoring (FDM).

Covid-19 Impact:

Due to worldwide lockdowns and travel restrictions that were placed into effect as a result of the COVID-19 pandemic, the market for flight data monitoring has been severely impacted in numerous ways. This caused the supply chains of companies that make aircraft and offer software, hardware, and services for flight data monitoring to be switched and disrupted. The social conventions of distance suggested a reduction in both ground employees and the personnel needed for operating such flight data monitoring systems. During the pandemic, there was a general decline in or possibly a halt of all business and tourist travel, which had an effect on the global market for flight data monitoring.

The on board solution segment is expected to be the largest during the forecast period

The on board solution segment will hold the largest share over the forecast period. Real-time monitoring capabilities included in onboard systems may allow for the rapid identification and transmission of potential safety issues or deviations from conventional operating practices. When established safety criteria are breached, these devices can provide alerts to flight crews or ground staff, enabling prompt risk minimization. Additionally, on-board Flight Data Monitoring (FDM) solutions are coupled with a number of aircraft systems, including avionics systems, flight control systems, engine monitoring systems, and other onboard sensors, to collect data from a variety of sources. Integration with these systems guarantees thorough data gathering and offers an extensive overview of aircraft performance and safety.

The Flight Data Monitoring (FDM) service segment is expected to have the highest CAGR during the forecast period

Flight Data Monitoring (FDM) service segment is estimated to witness lucrative growth. Flight Data Monitoring (FDM) is used to deliver the services in order to assure safety, detect trends, and fully explore the circumstances around events that have been identified. For instance, AviSwiss offers Flight Data Monitoring Services in accordance with European Aviation Safety Agency (EASA) regulations, which mandate the use of flight data monitoring (Flight Data Monitoring (FDM)) when combined with the Flight Operation Quality Assurance Process (FOQA) and the Safety Management System SMS for commercially operated aircraft with a maximum take-off mass of 27,000 kg and above.

Region with largest share:

Due to the widespread presence of manufacturers, service providers, and software system developers of flight information observation systems during the projected period, North America held the largest share of the market. The US and Canadian market participants' significant product demand thereby essentially fuels regional market expansion. By 2035, it's predicted that there will be 10,000 planes flying in the area, which will open up new business potential for companies engaged in flight data monitoring in North America.

Region with highest CAGR:

Due to the delivery of new aircraft to airlines and the armed forces from significant nations, including China, India, Japan, and South Korea, among others, during the projection period, Asia Pacific is expected to have profitable growth. Flight data monitoring services are also in demand as the number of planes grows. Additionally, this area is expanding rapidly due to rising urbanization and tourism. The enhancement of airline services and the launching of new international routes by local airlines are also expected to have an impact on the Asia-Pacific flight data monitoring industry.



Key players in the market

Some of the key players in Flight Data Monitoring market include Flight Data Systems , Scaled Analytics, Guardian Mobility, Flightdatapeople, Flight Data Services, Teledyne Controls, Skytrac, Safran Electronics & Defense, Curtiss-Wright and L3Harris Technology Inc.

Key Developments:

In September 2022, Safran Data Systems and Contec announced a contract for the construction of a ground station optical in Western Australia in 2023. Contec will receive an optical ground station from Safran Data System as part of the development.

In October 2022, Safran said that the Swedish Space Corporation had chosen Safran Data Systems to expand its worldwide network of Lunar Exploration Ground Sites (LEGS) to meet the new needs of the space industry for communications on the moon.

Solution Types Covered:
• On Ground Solution
• On Board Solution
• Other Solution Types

Components Covered:
• Flight Data Monitoring (FDM) System
• Flight Data Monitoring (FDM) Service
• Flight Data Monitoring (FDM) Software
• Hardware
• Other Components

Aircraft Types Covered:
• Rotary Type
• Fixed Wing

End Users Covered:
• Drone Operators
• Flight Data Monitoring (FDM) Service Providers
• Investigation Agencies
• Fleet Operators
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Flight Data Monitoring Market, By Solution Type
5.1 Introduction
5.2 On Ground Solution
5.3 On Board Solution
5.4 Other Solution Types

6 Global Flight Data Monitoring Market, By Component
6.1 Introduction
6.2 Flight Data Monitoring (FDM) System
6.2.1 Flight Data Concentrator Unit
6.2.2 Flight Data Acquisition Unit
6.3 Flight Data Monitoring (FDM) Service
6.3.1 Flight Operations Quality Assurance
6.3.2 Maintenance Monitoring
6.4 Flight Data Monitoring (FDM) Software
6.4.1 Flight Data Cloud Software
6.4.2 Flight Data Information Reporting Software
6.4.3 Flight Data Analysis Software
6.4.4 Flight Data Visualization Software
6.5 Hardware
6.6 Other Components

7 Global Flight Data Monitoring Market, By Aircraft Type
7.1 Introduction
7.2 Rotary Type
7.3 Fixed Wing

8 Global Flight Data Monitoring Market, By End User
8.1 Introduction
8.2 Drone Operators
8.3 Flight Data Monitoring (FDM) Service Providers
8.4 Investigation Agencies
8.5 Fleet Operators
8.5.1 Military Aviation
8.5.2 Commercial Aviation
8.6 Other End Users

9 Global Flight Data Monitoring Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa

10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies

11 Company Profiling
11.1 Flight Data Systems
11.2 Scaled Analytics
11.3 Guardian Mobility
11.4 Flightdatapeople
11.5 Flight Data Services
11.6 Teledyne Controls
11.7 Skytrac
11.8 Safran Electronics & Defense
11.9 Curtiss-Wright
11.10 L3Harris Technology Inc

List of Tables
1 Global Flight Data Monitoring Market Outlook, By Region (2021-2030) ($MN)
2 Global Flight Data Monitoring Market Outlook, By Solution Type (2021-2030) ($MN)
3 Global Flight Data Monitoring Market Outlook, By On Ground Solution (2021-2030) ($MN)
4 Global Flight Data Monitoring Market Outlook, By On Board Solution (2021-2030) ($MN)
5 Global Flight Data Monitoring Market Outlook, By Other Solution Types (2021-2030) ($MN)
6 Global Flight Data Monitoring Market Outlook, By Component (2021-2030) ($MN)
7 Global Flight Data Monitoring Market Outlook, By Flight Data Monitoring (FDM) System (2021-2030) ($MN)
8 Global Flight Data Monitoring Market Outlook, By Flight Data Concentrator Unit (2021-2030) ($MN)
9 Global Flight Data Monitoring Market Outlook, By Flight Data Acquisition Unit (2021-2030) ($MN)
10 Global Flight Data Monitoring Market Outlook, By Flight Data Monitoring (FDM) Service (2021-2030) ($MN)
11 Global Flight Data Monitoring Market Outlook, By Flight Operations Quality Assurance (2021-2030) ($MN)
12 Global Flight Data Monitoring Market Outlook, By Maintenance Monitoring (2021-2030) ($MN)
13 Global Flight Data Monitoring Market Outlook, By Flight Data Monitoring (FDM) Software (2021-2030) ($MN)
14 Global Flight Data Monitoring Market Outlook, By Flight Data Cloud Software (2021-2030) ($MN)
15 Global Flight Data Monitoring Market Outlook, By Flight Data Information Reporting Software (2021-2030) ($MN)
16 Global Flight Data Monitoring Market Outlook, By Flight Data Analysis Software (2021-2030) ($MN)
17 Global Flight Data Monitoring Market Outlook, By Flight Data Visualization Software (2021-2030) ($MN)
18 Global Flight Data Monitoring Market Outlook, By Hardware (2021-2030) ($MN)
19 Global Flight Data Monitoring Market Outlook, By Other Components (2021-2030) ($MN)
20 Global Flight Data Monitoring Market Outlook, By Aircraft Type (2021-2030) ($MN)
21 Global Flight Data Monitoring Market Outlook, By Rotary Type (2021-2030) ($MN)
22 Global Flight Data Monitoring Market Outlook, By Fixed Wing (2021-2030) ($MN)
23 Global Flight Data Monitoring Market Outlook, By End User (2021-2030) ($MN)
24 Global Flight Data Monitoring Market Outlook, By Drone Operators (2021-2030) ($MN)
25 Global Flight Data Monitoring Market Outlook, By Flight Data Monitoring (FDM) Service Providers (2021-2030) ($MN)
26 Global Flight Data Monitoring Market Outlook, By Investigation Agencies (2021-2030) ($MN)
27 Global Flight Data Monitoring Market Outlook, By Fleet Operators (2021-2030) ($MN)
28 Global Flight Data Monitoring Market Outlook, By Military Aviation (2021-2030) ($MN)
29 Global Flight Data Monitoring Market Outlook, By Commercial Aviation (2021-2030) ($MN)
30 Global Flight Data Monitoring Market Outlook, By Other End Users (2021-2030) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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